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More companies on state treasury list

PARLIAMENT has voted to let more state-run agencies enter the State Treasury system.

PARLIAMENT has voted to let more state-run agencies enter the State Treasury system.

The revision to the State Treasury law, passed on December 5, permits corporate entities established by a special law to become State Treasury clients, the SITA newswire wrote.

Under these changes, the public-service Slovak Television (STV), Slovak Radio (SRo), the state import-export bank Eximbanka and other state-controlled companies will also be able to use the services of the State Treasury. The changes will take effect on March 1.

The Finance Ministry expects the amendment to have a positive impact on the state budget.

“The financial effect depends on the number of clients who join voluntarily and the resources that will appreciate in the State Treasury,” stated the ministry.

The State Treasury provides payment services to roughly 1,700 clients, including central state administration organs, partly and fully state-subsidised organisations, public service institutions and regional offices.

At the end of December 2006, its IT system registered 18,091 open accounts, through which nearly 67.2 million clearing transactions were carried out over the last year. The number of transactions performed rose by 36 percent year-on-year.

The State Treasury started operating in 2004. Its balance-sheet total stood at Sk161 billion (€4.8 billion) in late 2006, which was an increase of 20 percent year-on-year.

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